[Bitcoin soars 11%! Two-month high, the real market is just beginning!]
After a rapid surge, Bitcoin ($BTC) strongly rose by 11% this week, stabilizing around $94,000, demonstrating remarkable resilience and rebound strength!
This wave of counterattack benefits from the Trump administration signaling a reduction in import tariffs, along with overall excellent corporate earnings, which directly ignited market sentiment.
Meanwhile, the S&P 500 surged by 7.1%, greatly boosting confidence in risk assets and further promoting Bitcoin. However, Trump shifted his tone, emphasizing that the success of negotiations depends on concessions from major powers (China), which made some traders doubtful about the sustainability of this rally.
It is worth noting that:
Although Bitcoin is still affected by macroeconomic factors, its correlation with the S&P 500 continues to decrease, gradually strengthening its position as an 'independent asset' rather than merely a substitute for tech stocks.
The premium on two-month Bitcoin contracts has risen to a seven-week high, indicating a return of institutional bullish interest, and market sentiment is shifting from passive observation to active positioning.
If the current pace continues, Bitcoin's challenge of the $100,000 mark in the short term is no longer an unattainable dream!
Of course, risk control is always paramount! Currently, it is particularly important to be wary of several potential risks:
The geopolitical situation between India and Pakistan has suddenly become tense; if there is a spark, it will trigger risk aversion, impacting the crypto market!
Sun has transferred 2,000 Bitcoins to the exchange, and given his past dumping style, there is a risk of sudden sell-off, requiring high vigilance.
With the May Day holiday approaching, there may be a concentration of contract and spot positions being closed in the short term, leading to severe fluctuations!
In the current rhythm, opportunities and risks coexist; only by planning ahead and strictly implementing profit-taking and stop-loss can one truly take control!
